this post was submitted on 20 Nov 2023
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Re: the title... Yeah no, owners of an expensive property are not only not in the "rich" class, they're likely working class as much as gig drivers and cashiers. Unless they liquidate this asset and actually go live somewhere LCOL where they can live off of the labour of others, they're still working class.
If you're dicing things up that way, there's no middle class in the first place.
There never has been. You either sell your body and labour, or own enough capital for it to self sustain, or at least be sustained by the labour class.
If we're doing Marx, don't forget the petite bourgeoisie, who draw significant income from both. They were minor in Marx's day, partly because very little was publicly traded, but they're actually the wealthiest group by far now, taken as a whole.
Exactly, you're either a part of the working class or capitalist class